The COVID-19 pandemic continues to take a toll on U.S. mall owners.
News & Analysis: CBL and Associates Properties
It could be the drip before the torrent of filings.
CBL & Associates stock climbed after the company announced that it plans to file for bankruptcy protection. Investors shouldn't be tempted to buy.
CBL's malls were already in a downward spiral entering 2020, and the COVID-19 pandemic has made things much worse.
The mall owner said it missed a payment on unsecured notes and was doubtful about its continued operations.
Mall REITs have taken a hit from COVID-19, with most having now cut their dividends. Simon hasn't, but it's going to. Here's what the CEO had to say.
What a difference a day makes on Wall Street, as investors seemingly change their minds on the prospects of a mall recovery.
CBL issues a "going concern" notice that says it may not survive another year.
The temporary closure of its malls from COVID-19, along with retail bankruptcies and a likely wave of store closings in the months ahead, have driven CBL & Associates to the brink of bankruptcy.
Mall REITs are battening down the hatches, or worse, as they look to survive the impact of COVID-19-related closures. It won't be pretty.